According to on-chain analyst Ai Yi (@ai_9684xtpa), the "smart money" account that profited handsomely by going long on ETH with 25x leverage after the "1011 flash crash" has recently reversed course. About 8 hours ago, the account closed its remaining 19,383.25 ETH long positions in batches, incurring a cumulative loss of approximately $6.646 million, erasing its previous peak profit of $8.38 million. Subsequently, the account quickly established a new 25x leveraged short position, holding approximately 18,802.51 ETH (worth approximately $61.45 million), currently showing a floating profit of approximately $1.3 million.